Do you need uninsured motorist coverage?

When driving, it is natural to assume you’d be protected financially if an accident occurs. Even if you have the minimum insurance coverage required by state law, that doesn’t necessarily mean you’re fully protected if injured by another driver during an accident. If the driver is uninsured, you may find yourself responsible for hefty medical bills. THINK Insurance & Financial Services in Pomona, CA suggests that drivers consider any additional uninsured motorist coverage.

Uninsured motorist coverage is typically broken down into two parts: bodily injury and property damage. With the former, the insurance policy covers injuries caused by an uninsured driver during an accident. The policy will also include injuries related to accidents from a hit-and-run driver. For uninsured motorist property damage, the plan offers payment for damages done to your vehicle and other forms of personal property.

One of the main reasons drivers don’t choose to add uninsured motorist coverage to their policies is because they question why they should be responsible for another person not having insurance. Although in a perfect world this should be the case, you still run the risk of being involved in an accident with an uninsured driver. National estimates indicate that approximately 13 percent of all drivers on the road don’t have automobile insurance.

A major benefit of uninsured motorist coverage is that you won’t have to enter into a long legal battle with the other driver. Although you can sue an individual for medical costs and property damage fees, the process is drawn out and costly. Also, even if you have health insurance coverage, you will need to pay any deductibles and co-payments out-of-pocket. Also, your insurance company may want to enter a claim against the driver responsible for the accident.

Looking to learn more about your automobile insurance options? Contact THINK Insurance & Financial Services, an agency serving Pomona, CA drivers to find out how we can help match you with the right policy for your specific needs.